In GST audit weather we have to consider interest income in aggregate turnover? weather we are required to report it in Form 9 table 5?
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Quick Summary
This discussion clarifies whether interest income should be included when calculating aggregate turnover for GST audit purposes. Generally, if the interest income is received under the same PAN/GSTIN, it must be included as per the definition of aggregate turnover, even if it's an exempted supply. However, there's a specific exclusion for composition dealers as per Notification 1/2020 CT.